525 Spring St Newport, RI 02840
Fifth Ward Neighborhood
4
Beds
4
Baths
4,217
Sq Ft
4,679
Sq Ft Lot
Highlights
- Marina
- Antique Architecture
- 2 Fireplaces
- Deck
- Wood Flooring
- Tennis Courts
About This Home
As of June 2024NEW PRICE! Known as the JB Parsonage House, this magnificent home is the neighborhoods most exuberant example of Queen Anne style. Built by a noted Newport home builder in 1905 for his own family, this home has extraordinary street presence and offers everything that you have been looking for: location, craftsmanship, space and ample on-site parking. Enter the enclosed wrap around porch and be greeted by two vintage oak Dutch doors that sweep you into the first floor grand foyer with a brilliant crystal chandelier & high ceilings throughout. The living room, formal dining room and kitchen all beam with an abundance of light. An additional first floor room with full bath can serve as a den, library or first floor bedroom. Second floor consists of a large owner's suite with luxurious Travertine tiled master bath and two walk-in closets. Two additional bedrooms, a renovated full bath and washer dryer complete the second floor. The third floor has one bedroom, another renovated full bathroom and two "bonus rooms". The spectacular roof top deck offers stunning Harbor and Bridge Views. Modern amenities abound: Viking kitchen appliances, three very new bathrooms, high efficiency gas-fired three-zone on demand heating and hot water, 200 amp electrical, upgraded plumbing and newer replacement windows throughout. This home is a short walk to Kings Park beach and dock, Cliff Walk, Bellevue Avenue and Thames Street shopping and restaurants.
Last Agent to Sell the Property
James Kaull
Gustave White Sotheby's Realty License #RES.0045763 Listed on: 07/09/2021
Last Buyer's Agent
James Kaull
Gustave White Sotheby's Realty License #RES.0045763 Listed on: 07/09/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,880
Year Built
- Built in 1900
Lot Details
- 4,679 Sq Ft Lot
- Property is zoned R10
Home Design
- Antique Architecture
- Victorian Architecture
- Stone Foundation
- Wood Siding
- Plaster
Interior Spaces
- 4-Story Property
- 2 Fireplaces
- Fireplace Features Masonry
- Wood Flooring
Kitchen
- Oven
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
Outdoor Features
- Deck
- Porch
Utilities
- Window Unit Cooling System
- Zoned Heating System
- Heating System Uses Gas
- Heat Pump System
- 200+ Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 222
- Assessor Parcel Number 525SPRINGSTNEWP
Community Details
Amenities
- Shops
Recreation
- Marina
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2024
Closed on
Jun 27, 2024
Sold by
Depetrillo Thomas L
Bought by
Malcolm Steve and Hartley Denise
Seller's Agent
Allen Gammons
BHHS Commonwealth Real Estate
Buyer's Agent
Gordon King
Hogan Associates Christie's
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,085
Avg. Annual Appreciation
7.31%
Original Mortgage
$1,519,281
Outstanding Balance
$1,507,852
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$275,233
Purchase Details
Listed on
Jul 9, 2021
Closed on
Nov 11, 2021
Sold by
525 Spring Street Llc
Bought by
Depetrillo Thomas L
Seller's Agent
James Kaull
Gustave White Sotheby's Realty
Buyer's Agent
James Kaull
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$990,000
Interest Rate
2.98%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Jul 9, 2021
Closed on
Oct 1, 2021
Sold by
Kurja Cynthia A and Michalak John
Bought by
525 Spring Street Llc
Seller's Agent
James Kaull
Gustave White Sotheby's Realty
Buyer's Agent
James Kaull
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Mar 25, 2021
Closed on
May 28, 2021
Sold by
Renshaw Kerri L and Sheehan Jason
Bought by
Kurja Cynthia A and Michalak John
Seller's Agent
Kate Teixeira
Coldwell Banker Realty
Buyer's Agent
Michelle Drum
Gustave White Sotheby's Realty
List Price
$1,195,000
Sold Price
$1,155,000
Premium/Discount to List
-$40,000
-3.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.55%
Purchase Details
Closed on
Mar 18, 2021
Sold by
Davitt Properties Inc
Bought by
Renshaw Kerri
Purchase Details
Closed on
Aug 17, 2012
Sold by
Renshaw Kerri L
Bought by
Renshaw Kerri L and Sheehan Jason
Purchase Details
Closed on
Mar 8, 2010
Sold by
Hilvin Llc
Bought by
Renshaw Kerri L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,226
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,650,000 | None Available | |
| Warranty Deed | $1,650,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $1,075,000 | None Available | |
| Warranty Deed | $1,075,000 | None Available | |
| Warranty Deed | $1,155,000 | None Available | |
| Warranty Deed | $1,155,000 | None Available | |
| Warranty Deed | $827,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $381,000 | -- | |
| Deed | $381,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,519,281 | Purchase Money Mortgage | |
| Closed | $1,519,281 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $990,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $600,000 | Purchase Money Mortgage | |
| Previous Owner | $356,226 | Purchase Money Mortgage | |
| Previous Owner | $132,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $1,650,000 | -5.7% | $363 / Sq Ft |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | Price Changed | $1,749,900 | -2.8% | $385 / Sq Ft |
| 03/20/2024 03/20/24 | For Sale | $1,800,000 | +67.4% | $396 / Sq Ft |
| 10/01/2021 10/01/21 | Sold | $1,075,000 | -10.0% | $255 / Sq Ft |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 07/09/2021 07/09/21 | For Sale | $1,195,000 | +3.5% | $283 / Sq Ft |
| 06/01/2021 06/01/21 | Sold | $1,155,000 | -3.3% | $366 / Sq Ft |
| 05/02/2021 05/02/21 | Pending | -- | -- | -- |
| 03/25/2021 03/25/21 | For Sale | $1,195,000 | -- | $379 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,877 | $1,323,200 | $480,800 | $842,400 |
| 2023 | $8,381 | $844,900 | $316,500 | $528,400 |
| 2022 | $8,119 | $844,900 | $316,500 | $528,400 |
| 2021 | $7,883 | $844,900 | $316,500 | $528,400 |
| 2020 | $6,549 | $637,100 | $285,100 | $352,000 |
| 2019 | $6,549 | $637,100 | $285,100 | $352,000 |
| 2018 | $6,365 | $637,100 | $285,100 | $352,000 |
| 2017 | $6,340 | $565,600 | $219,300 | $346,300 |
| 2016 | $6,182 | $565,600 | $219,300 | $346,300 |
| 2015 | $6,035 | $565,600 | $219,300 | $346,300 |
| 2014 | $6,095 | $505,400 | $171,400 | $334,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Allen Gammons
BHHS Commonwealth Real Estate
(401) 742-6050
2 in this area
456 Total Sales
-
Buyer's Agent in 2024
Gordon King
Hogan Associates Christie's
(401) 924-1774
4 in this area
47 Total Sales
-
Seller's Agent in 2021
Kate Teixeira
Coldwell Banker Realty
(401) 410-3955
3 in this area
55 Total Sales
-
J
Seller's Agent in 2021
James Kaull
Gustave White Sotheby's Realty
-
Buyer's Agent in 2021
Michelle Drum
Gustave White Sotheby's Realty
(401) 265-3423
3 in this area
70 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1287850
APN: NEWP-000035-000000-000222
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